Rasuwagadhi Hydropower Company Issuing shares for Locals
In the Initial Public Offering, Rasuwagadhi Hydropower Company Limited is issuing shares to residents of the project-affected districts (IPO). From Ashad 13, 2079 BS, the IPO is accessible to locals. The public offering will end on Ashad 27, 2079 BS if it is fully subscribed. The application deadline will be extended until Shrawan 10, 2079 BS, however, if it remains undersubscribed at that time.
The locals of the project-affected areas are buying 68,42,100 shares from the hydropower in the IPO. 10% of the total issued capital is represented by this. The IPO is worth Rs 68.42 crores at a par value of Rs 100 per share.
Locals of the Rasuwa district who are interested may apply for the shares. A minimum of 10 shares and a maximum of 700 shares may be requested in an application.
On Jestha 31, 2079 BS, the Securities Board of Nepal (SEBON) gave the business authorization to issue the shares. On Poush 23, 2078 BS, the corporation presented the application to the board.
The issuer and sales manager for the share float is Siddhartha Capital Ltd.
Prior to this, from Baisakh 6, 2076 BS to Baisakh 12, 2076 BS, the corporation conducted an initial public offering (IPO) for Rs. 1.02 Arba to the general public.
A division of Chilime Hydropower Company Limited is Rasuwagadhi Hydropower Company Limited. In the Rasuwa district, it is building a 111 MW project.